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**Don't Buy A House** House Prices Set To Crash!!!

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Comments

  • fc123
    fc123 Posts: 6,573 Forumite
    carolt wrote: »
    Absolutely agree, fc123 - do try and remember to spellcheck your posts though next time, as it makes them look sloppy and ill-considered... ;)

    sorry miss ;)
  • hearts
    hearts Posts: 1,191 Forumite
    SquatNow wrote: »
    Correct, in the long term mean house price rise in line with inflation, with boom-bust cycles normally every 18 years.

    Given how high they went this time, when they crash it may take longer than normal for them to recover to this level though... possibly even 2 or 3 cycles.

    You see the problem is, we don't atually *HAVE* an economy left to speak of, just people importing stuff using credit and selling it to each other.

    I agree with a lot of what you say on a lot of points. You cause a bit of controversy but in the main you make valid statements.
    .....You are wrong about the housing market though. Its not going to crash. Very different times now than at any time previously. This country is small and getting smaller due to rising population. Prices will not fall significantly either in the short or long term. ;-)
  • ManAtHome
    ManAtHome Posts: 8,512 Forumite
    Part of the Furniture Combo Breaker
    We're much less crammed than Japan, Palestine, Bangladesh, Rwanda amongst others - don't think any of them are noted for ongoing house price booms (even though Japan has the lowest interest rates on earth).

    Mind you, not knowing how many people there are in the UK doesn't help the stats I suppose...
  • hearts
    hearts Posts: 1,191 Forumite
    ManAtHome wrote: »
    We're much less crammed than Japan, Palestine, Bangladesh, Rwanda amongst others - don't think any of them are noted for ongoing house price booms (even though Japan has the lowest interest rates on earth).

    Mind you, not knowing how many people there are in the UK doesn't help the stats I suppose...

    Your quite right in what you say and I agree prices cannot continue to rise forever. However outside of London I don't think that house prices are massively over priced, if at all. Stagnation is the most likely scenario in my opinion and even this will not last long.
  • dunnomate
    dunnomate Posts: 67 Forumite
    No - prices in our area (Southampton) haven't risen for 2 years !!!

    cheers

    dunnomate
    No Links in Signatures by Site Rules - MSE Forum Team 2
  • HenryWeston
    HenryWeston Posts: 198 Forumite
    hearts wrote: »
    However outside of London I don't think that house prices are massively over priced, if at all.

    Only about 10X local wages where i am, nowhere near london btw
  • merlinthehappypig
    merlinthehappypig Posts: 1,106 Forumite
    HenryWeston wrote: »
    Only about 10X local wages where i am, nowhere near london btw

    Pretty much the same on Exmoor,too
  • TBeckett100
    TBeckett100 Posts: 4,732 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Cashback Cashier
    i am sick of doom and gloom threads.
  • SquatNow
    SquatNow Posts: 2,285 Forumite
    Don't look at any threads to do with the housing market then.

    Or the economy.

    Or food prices/fuel prices.

    BTH you're probably better off smashing your PC and TV up with a hammer and shutting youself in the cupboard.

    Hang on I'll find you a hammer.
    Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.
  • dolce_vita
    dolce_vita Posts: 1,031 Forumite
    TBeckett100 wrote: »
    i am sick of doom and gloom threads.

    Well don't bl00dy read them then.







    By the way this thread is over 3 years old
    dolce vita's stock reply templates

    #1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided

    #2. This time next year house prices in general will be lower than they are now

    #3. Cheap houses are a good thing not a bad thing
This discussion has been closed.
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